BY LICIA LESLIE
March 17, 2024
Hi Shoppers,
I am spotting what could be the signal to change this downtrend in Tesla (Ticker: TSLA).
Friday’s action created a doji candle that had the bulls and bears battling it out for control of the market.
The doji tells us neither side won.
Check it out:
TSLA is also sitting right on the support level of my pitchfork.
Remember, you must wait for the confirmation before acting on the doji.
Confirmation will be TSLA trading higher Monday morning for at least an hour or more.
Then you can hop into those long calls or short put credit spreads.
If TSLA bounces from here, resistance comes in at $174 and then $183.50.
Use a close below $160 for your stop loss.
Trade Review
Global X Uranium ETF (Ticker: URA) closed higher on Friday. I still think it is going to $29.85.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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